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As investors move to fee-based financial planners, rather than those paid per transaction, those planners have become more comfortable recommending exchange-traded funds, according to Strategic Insight.
February 17 -
Money market fund assets have topped $4 trillion for the first time, greatly buoyed by the Treasury Departments $1 NAV guarantees and financing to purchase asset-backed commercial paper from money funds, which has eased the credit markets.
February 17 -
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In light of all of the demanding regulations that asset managers now face at a time when the nation is gripped by a financial crisis, not to mention the inevitable additional oversight that the new presidential administration will impose on the financial services industry, chief compliance officers are taking a more critical look than ever before at their resources. One of the obvious solutions to the demands they face is outsourcing, which today has become a mission-critical reality for even the biggest fund complexes.
February 16 -
The mutual fund industry has seen significant changes in the traditional third-party distribution model, especially this past year with the collapse of several major wirehouses and a spate of merger and acquisition activity. Alongside these changes, more broker/dealers are taking on the responsibility for recordkeeping mutual fund subaccounts.
February 16 -
The 17 exchange-traded funds Northern Trust Corp. has decided to close will have plenty of company in the exchange-traded fund graveyard before the year is out, experts predict.
February 16 -
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BOSTON - For decades, annuities were shunned by money managers for their high cost and lack of liquidity.
February 16